EICS Message: Softwood Lumber quota for May 2014

Please be advised that as the prevailing monthly price for May 2014 exceeds US $355. Charges and volume restraints under the Softwood Lumber Agreement will not be applicable during the month of May 2014.

Pursuant to Article VII of the Agreement, when the prevailing monthly price for any given month exceeds US $355, Option B Regions (i.e. Quebec, Ontario, Manitoba and Saskatchewan) will not be subject to volume restraints (quotas) or the base export charge for that month and, consequently, there will be no requirement to issue export allocations for that month.

Please note that export permits will still be required for all exports of softwood lumber products to the U.S. and additional export charge of 2.6% and 0.1% remain in effect for exports of softwood lumber products originating in Quebec and Ontario, respectively due to the remedy imposed by the Provincial Program Arbitration.